That's the business model these days. ChatGPT, and other AI companies are following the disrupt (or enshittification) business model.

1. Acquire capital/investors to bankroll your project.
2. Operate at a loss while undercutting your competition.
3. Once you are the only company left standing, hike prices and cut services.
4. Ridiculous profit.
5. When your customers can no longer deal with the shit service and high prices, take the money, fold the company, and leave the investors holding the bag.

Now you've got a shit-ton of your own capital, so start over at step 1, and just add an extra step where you transfer the risk/liability to new investors over time.